Syon Capital LLC Acquires 2,383 Shares of CRH plc (NYSE:CRH)

Syon Capital LLC raised its stake in shares of CRH plc (NYSE:CRH) by 45.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,591 shares of the construction company’s stock after acquiring an additional 2,383 shares during the period. Syon Capital LLC’s holdings in CRH were worth $525,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in CRH during the third quarter valued at about $1,484,901,000. Barclays PLC purchased a new stake in CRH in the 3rd quarter worth approximately $941,562,000. Greenhaven Associates Inc. raised its stake in CRH by 0.9% during the 4th quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock worth $770,576,000 after acquiring an additional 103,510 shares during the period. Invesco Ltd. lifted its holdings in CRH by 1,136.3% during the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock valued at $469,982,000 after purchasing an additional 7,892,691 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of CRH in the third quarter worth approximately $418,653,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CRH shares. Jefferies Financial Group upped their target price on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Truist Financial raised their price objective on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Stifel Nicolaus restated a “hold” rating and set a $82.00 price target (up previously from $80.00) on shares of CRH in a report on Monday, April 15th. Finally, Citigroup upped their price objective on CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $79.31.

CRH Stock Performance

CRH stock opened at $78.55 on Friday. CRH plc has a 12-month low of $47.14 and a 12-month high of $88.00. The firm has a 50-day moving average price of $82.23 and a 200-day moving average price of $70.78.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The business had revenue of $8.69 billion for the quarter. As a group, analysts predict that CRH plc will post 5.36 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were issued a $0.262 dividend. This represents a dividend yield of 2%. The ex-dividend date was Thursday, March 14th.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.